VanEck: Now Is The Best Time To Invest In SOL ETFs As The U.S. Regulatory Environment Is Changing

June 29 (Bloomberg) -- In his latest commentary, VanEck's head of digital asset research, Matthew Sigel, said that now is the best time to try investing in SOL ETFs because he believes the current regulatory environment is changing and the firing of U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler is highly unlikely, according to The Block. When asked about Gensler's performance on cryptocurrency regulation, Sigel responded with a straight "no."

Meanwhile, the market is divided on the prospects for approval of the Solana ETF. Commentators are generally skeptical that the Solana ETF will be approved anytime soon, partly because the cryptocurrency is not yet listed as a futures ETF, but Sigel disagrees, arguing that futures market requirements are not necessary for the Solana ETF to be approved.

Bartosz Lipinski, CEO of Cube.Exchange, voiced this concern, stating, "It would be surprising if the SEC would allow such a fund to be listed without the need for futures, as that seems to be the way to go for Bitcoin and Ether spot ETFs." But Sigel insists that this is nothing more than a psy-op by Gensler. His optimism has caused widespread concern in the market.

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